First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Update

First Trust Senior Loan ETF (NASDAQ:FTSL) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 87,765 shares, a decline of 81.9% from the April 30th total of 484,705 shares. Based on an average daily volume of 191,023 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of First Trust Senior Loan ETF

Large investors have recently made changes to their positions in the stock. Triumph Capital Management bought a new stake in shares of First Trust Senior Loan ETF during the 3rd quarter worth about $26,000. Raleigh Capital Management Inc. bought a new stake in shares of First Trust Senior Loan ETF during the 1st quarter worth about $30,000. Smartleaf Asset Management LLC bought a new stake in shares of First Trust Senior Loan ETF during the 4th quarter worth about $30,000. Sound Income Strategies LLC boosted its stake in shares of First Trust Senior Loan ETF by 140.3% during the 1st quarter. Sound Income Strategies LLC now owns 1,026 shares of the company’s stock worth $46,000 after acquiring an additional 599 shares in the last quarter. Finally, TD Private Client Wealth LLC bought a new stake in shares of First Trust Senior Loan ETF during the 4th quarter worth about $48,000.

First Trust Senior Loan ETF Price Performance

NASDAQ FTSL remained flat at $44.94 during trading on Friday. The company’s stock had a trading volume of 180,685 shares, compared to its average volume of 332,279. First Trust Senior Loan ETF has a one year low of $44.37 and a one year high of $46.19. The business’s 50 day simple moving average is $45.01 and its two-hundred day simple moving average is $45.40.

First Trust Senior Loan ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.235 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Thursday, May 21st.

About First Trust Senior Loan ETF

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities. FTSL was launched on May 1, 2013 and is managed by First Trust.